patrick.net

Restoring Clintonian taxes on incomes above $250K is a start.

Incomes twice the FICA limit are rents not wages.

I liked this part:

"The one exception was the widespread presence of secured, high-down-payment, fully amortizing, fixed-rate loans on sound houses, other real estate, vehicles, and appliances, to be used by industrious persons who lived within their means. "

Land per se is not capital, but the fixed improvements certainly are.

If I were king I'd tax commercial and non-owner-occupied land a lot more to shake loose the inefficiencies and naked rentierism going on in this sector.

Nevergonnahappen tho.